Card Range To Study

15 Cards in this Set

- A government document giving an inventor the exclusive right to make or sell his or her invention for a specific number of years.

Thomas Edison

United States inventor widely known for the invention of the light bulb and the phonograph.

Alexander Graham Bell

Scottish-born American inventor of the telephone.

Robber Baron

A business leader who became wealthy through dishonest methods.

Coporation

A group of people combined into or acting as one body for business purposes.

John D. Rockefeller

United States industrialist who made a fortune in the oil business from his company called Standard Oil.

Andrew Carnegie

Scottish-born American industrialist who made a fortune in the steel industry.

Monopoly

A company or group having exclusive control over a commercial activity.

Philanthropist

Someone who donates money for human well-being.

Horatio Alger

American writer of inspirational adventure books, such as Ragged Dick (1867), featuring impoverished boys who through hard work and virtue achieve great wealth and respect.

The Gilded Age

The years between the Civil War and World War I when institutions undertook financial manipulations that went virtually unchecked by government. This era produced many infamous activities in the security markets.

Sweatshops

A shop or factory where workers were subjected to long hours in poor working conditions at minimum wage.

American Federation of Labor

A national organization of labor led by Samuel Gompers, founded in 1886

Socialism

Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.